Sandvik Group Acquires DSI Underground from Triton

Sandvik Acquires Dimensional Control Systems (DCS)

December 29, 2021

Industrial Services

Sandvik AB has acquired US-based Dimensional Control Systems (DCS), a provider of dimensional quality management software and on-site engineering services, to strengthen its industrial metrology and digital manufacturing offering. DCS, headquartered in Troy, Michigan, will be reported within Sandvik's Industrial Metrology division and brings ~70 employees, 10,000 software licenses, and a software-heavy revenue mix (65% software, ~40% recurring).

Triton Completes Acquisition of Siemens Energy's Trench Business

April 2, 2024

Manufacturing

Triton Fund V, advised by Triton, has completed the acquisition of Siemens Energy's Trench business, a global manufacturer of high‑voltage grid components. Trench operates nine factories across Europe, North America and China with approximately 2,400 employees; Triton said the asset will support its strategy to back market‑leading industrial technology companies and benefit from the energy transition.

Drilling Tools International Corp. Acquires Titan Tools Services Ltd.

January 2, 2025

Energy

Drilling Tools International Corp. (DTI) completed the acquisition of UK-based Titan Tools Services Ltd., a downhole tool rental and manufacturing specialist based in Aberdeen, Scotland. The deal expands DTI's technological capabilities and strengthens its presence in the UK North Sea, Europe and African markets while adding Titan's rental fleet, materials expertise and customer relationships.

Quanta Services Acquires Dynamic Systems (DSI)

July 25, 2025

Construction

Quanta Services completed the acquisition of Dynamic Systems (DSI), a turnkey mechanical, plumbing and process infrastructure solutions provider headquartered in Austin, Texas. The transaction, which closed July 25, 2025, expands Quanta's mechanical construction and off-site fabrication capabilities, adds a ~2,400-employee platform and diversified end-market exposure (technology/semiconductor, healthcare, industrial) and was funded with cash and Quanta stock (approximately $1.35 billion upfront plus potential earnout).

Drilling Tools International Acquires Superior Drilling Products

March 7, 2024

Manufacturing

Drilling Tools International Corp. (DTI) agreed to acquire Superior Drilling Products, Inc. (SDP/SDPI) for approximately $32.2 million in cash and DTI stock, a deal approved by both companies' boards and expected to close in Q3 2024. The transaction brings SDP's Drill‑N‑Ream technology, PDC bit manufacturing and engineering capabilities into DTI to expand product offerings, capture manufacturing and distribution synergies, and support expansion—particularly in the Middle East.

Crestone Services Group Acquires Dillie & Kuhn and Agave Underground

August 16, 2021

Infrastructure

Crestone Services Group, a Denver-based communications and utility services platform, acquired Dillie & Kuhn (a turnkey communications contractor in Southern Colorado) and Agave Underground Utility (an underground specialty contractor in Phoenix, Arizona). The transactions are add-on acquisitions to expand Crestone's capacity and market share across Southern Colorado, New Mexico and Arizona and to bolster its Arizona business (DSI) for increased FTTP and 5G wireline work.